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Distinguis in short:
a)
b) open economy and autarky
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- Which of the following markets impose deadweight losses on society? (i) perfect competition (ii) monopolistic competition (iii) monopoly Group of answer choices (i) and (ii) only (ii) and (iii) only (i) and (iii) only (i) onlyCompare and contrast monopoly and perfect competition market structures in the Long-run.Inefficiency exists in all market structure except? a. (Monopolistic competitive market) b. (Monopoly market) c. (Oligopoly market) d. (Perfectly competitive market)
- Perfect competition and monopoly are the two extremes of market structures. Discuss the difference between the markets. Analyze the considerations for an entrepreneur thinking about entering either market. Use examples from a business you might consider opening one day.Different between the monopoly market and perfect competition market. Define in a well manner.Fill in the table by the main characteristics of the competitive markets. Criteria: Pure and perfect competition Imperfect competition Monopolistic competition Oligopoly Monopoly Number of sellers Number of buyers Type of the commodity Price control Barriers of entry to the market Access to the market information Examples of real production markets
- Which of the following is likely a monopoly? Question 8 options: The Beatles (in being able to legally produce Beatles cds) Microsoft - in the operating system market All other answers are correct A grocery store in a small town that has only 2 stores. It is a snowy and cold day, and the stores are located in opposites sides of the town. Driving to the other side to buy at the other store is then dangerous and uncomfortable.Show demand formula (components) for a closed economy caseBased on the literature ,demonstrate the differences between free competition and monopoly. Refer to examples from economic practice. /minimum answer size is 30 sentences complex/. Use scientific literature - a minimum of 5 titles.
- Provide examples of commodities listed in the Philippines that might be described by the following models:A. Bertand, B. Monopolistic Competition, and justify the answera source of market power that exists due to falling long run average total cost is a. Trade barriers b. Advertising c. Product differentiation d. Economies of scale e. Patents and copyrightsWhich of the following can create monopolies? Economies of scale Scarce resources Agressive business tactics Government intervention This question has been submitted prior and I received the wrong answer. The answer I was provided prior was Economics of Scale, which I got wrong, please credit this question as the answer provided was wrong.